Is Now a Good Time to Rent? | California

 A lady reading paper files

People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their 2017 fourth quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

 Median Asking Rent Graph

As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, you might be pleasantly surprised at your ability to buy a home of your own instead.

Bottom Line

One way to protect yourself from rising rents is to lock inyour housing expense by buying a home. If you are ready and willing to buy, let’s meet to determine if you are able to today!

PHYSICIANS AGENT™ USA

SEATTLE WASHINGTON & ORANGE COUNTY CALIFORNIA TEAM

Susan Chace

206-697-5339 | susan@avenueproperties.com